Nonprofit · EIN 23-1352635
FRANKLIN & MARSHALL COLLEGE
Tax-exempt · LANCASTER, PA 17604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $199,432,384 | $194,655,254 | $4,777,130 | $886,546,793 | $191,348,224 | $695,198,569 |
| June 30, 2024 | 990 | $201,387,214 | $193,452,587 | $7,934,627 | $855,834,708 | $195,098,779 | $660,735,929 |
| June 30, 2023 | 990 | $186,951,178 | $189,940,277 | -$2,989,099 | $822,891,438 | $199,969,233 | $622,922,205 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,413,439
- of which government grants
- $2,404,735
- Program service revenue
- $153,442,597
- Investment income
- $26,331,290
- Royalties
- $29,633
- Net rental income
- $527,731
- Net gain from sales of assets
- $20,418,786
- Other revenue
- $3,245,058
Expenses
- Grants and similar amounts paid
- $63,939,166
- Compensation of officers, directors and key employees
- $4,025,762
- Other salaries and wages
- $50,273,138
- Salaries, compensation and benefits (total)
- $70,019,451
- Professional fundraising fees
- $0
- Legal fees
- $277,227
- Accounting fees
- $211,932
- Occupancy
- $5,109,036
- Travel
- $2,497,415
- Depreciation
- $12,225,643
- Program services (functional)
- $147,397,085
- Management and general (functional)
- $41,571,473
- Fundraising (functional)
- $5,686,696
Balance sheet and other
- Total assets, start of year
- $855,834,708
- Total assets, end of year
- $886,546,793
- Total liabilities, end of year
- $191,348,224
- Net assets, end of year
- $695,198,569
- Land, buildings and equipment
- $302,186,579
- Publicly traded securities
- $108,819,954
- Net assets without donor restrictions
- $327,799,523
- Net assets with donor restrictions
- $367,399,046
- Gross unrelated business income
- $592,638
- Gross receipts
- $387,193,761
- Employees
- 1,936
- Volunteers
- 1,120
- Year formed
- 1787
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA K ALTMANN PHD | PRESIDENT Trustee or director, Officer | 60 | $723,111 | $283,284 |
| SHAWN P CURTIN | VP FINANCE & ADMINISTRATION Officer | 60 | $313,898 | $59,982 |
| MARY OSIRIM | INTERIM PROVOST & DEAN OF FACULTY Key employee | 60 | $319,550 | $48,525 |
| CYNTHIA GORMAN | VP FOR COLLEGE ADVANCEMENT Key employee | 60 | $309,431 | $41,996 |
| VALERIE L DEXTER | VP LEGAL AFFAIRS & GEN. COUNSEL Officer | 60 | $285,688 | $35,782 |
| M LESLIE DAVIDSON | VP FOR ENROLLMENT MANAGEMENT Key employee | 60 | $256,089 | $41,243 |
| ANDREW STELLJES | VP & DEAN OF STUDENT AFFAIRS Key employee | 60 | $225,933 | $49,851 |
| BARBARA S STAMBAUGH | VP FOR COMMUNICATIONS Key employee | 60 | $221,114 | $32,967 |
| CARRIE E RAMPP | VP & CHIEF INFORMATION OFFICER Key employee | 60 | $213,922 | $38,729 |
| GRETCHEL L HATHAWAY | VP FOR COMMUNITY & BELONGING Key employee | 60 | $210,819 | $31,749 |
| ALAN CANIGLIA | VP INST'L RES. & CHIEF STRAT. OFF. Key employee | 60 | $202,533 | $37,047 |
| ALAN S GLAZER | PROFESSOR OF BUSINESS Highest-paid employee | 40 | $185,486 | $28,668 |
| FREDERICK D BROWN | GIFT OFFICER & DIR. SPECIAL PROJECTS Highest-paid employee | 40 | $161,246 | $43,152 |
| LAUREN M PACKER | DIRECTOR, ATHLETICS & RECREATION Highest-paid employee | 40 | $160,047 | $43,247 |
| SEAN GALLOWAY | AVP FINANCE AND CONTROLLER Highest-paid employee | 40 | $170,351 | $27,629 |
39 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELANIE A DESANTIS | AVP HUMAN RESOURCES Highest-paid employee | 40 | $177,838 | $18,505 |
| ERIC W NOLL | CHAIR Trustee or director, Officer | 14 | $0 | $0 |
| SUSAN KLINE KLEHR | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| H ART TAYLOR ESQ | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KENNETH B MEHLMAN | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MARY L SCHAPIRO LHD | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| PATRICIA E HARRIS | TRUSTEE - VICE CHAIR (UNTIL 08/24) Trustee or director, Officer | 4 | $0 | $0 |
| MOHAMMED A ANJARWALA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MICHAEL T ARNOLD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SAMEER ARORA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JONATHAN E BABKOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARGERY A BRITTAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT J BROOKS SR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAUL R BROWN PHD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MODIA J BUTLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAIGE A COSTIGAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEIL B DAVIDOWITZ ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT V DESANTIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATTHEW N DESCHAMPS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DR JOAN M FALLON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN J GREENBURG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN W GREENE JR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AKBAR HOSSAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHAWN M JENKINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FATOUMATA KEITA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT M KRASNE ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID H LEHMAN PHD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOUGLAS J MCCORMACK ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JUDITH C FISHLOW MINTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RICARDO G RIVERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHERINE QUICK ROSA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAYMOND A SANSEVERINO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CHERYL J SCARBORO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHY HAY STINE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCOTT D TAYLOR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EDWARD D VAN DOLSEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLLEEN ROSS WEIS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ANNE W FASS | TRUSTEE (UNTIL 07/24) Trustee or director | 2 | $0 | $0 |
| MATTHEW J MURPHY | TRUSTEE (UNTIL 10/24) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 55 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA K ALTMANN PHD | PRESIDENT Trustee or director, Officer | 60 | $681,679 | $79,182 |
| MARY OSIRIM | INTERIM PROVOST & DEAN OF FACULTY Officer | 60 | $308,623 | $46,265 |
| CYNTHIA GORMAN | VP FOR COLLEGE ADVANCEMENT Officer | 60 | $302,125 | $40,577 |
| VALERIE L DEXTER | VP LEGAL AFFAIRS & GEN. COUNSEL Officer | 60 | $295,436 | $29,584 |
| CARRIE E RAMPP | VP & CHIEF INFORMATION OFFICER Officer | 60 | $209,717 | $37,426 |
| BARBARA S STAMBAUGH | VP FOR COMMUNICATIONS Officer | 60 | $215,693 | $31,412 |
| ALAN CANIGLIA | VP INST'L RES. & CHIEF STRAT. OFF. Officer | 60 | $199,650 | $35,343 |
| GRETCHEL L HATHAWAY | VP FOR COMMUNITY & BELONGING Officer | 60 | $185,048 | $28,188 |
| ALAN S GLAZER | PROFESSOR OF BUSINESS Highest-paid employee | 40 | $181,964 | $27,374 |
| BETH L THRONE | AVP STUDENT & POST-GRAD. DEV. Highest-paid employee | 40 | $184,838 | $19,029 |
| CAMERON B WESSON | PROVOST/DEAN OF FACULTY TO 5/23 Former | 60 | $167,411 | $26,462 |
| AMY LAYMAN | AVP OF EXTERNAL ENGAGEMENT Highest-paid employee | 40 | $163,787 | $17,340 |
| AMELIA RAUSER | ASSOCIATE DEAN OF FACULTY Highest-paid employee | 40 | $167,166 | $13,234 |
| DOROTHY J MERRITTS | PROFESSOR OF GEOSCIENCES Highest-paid employee | 40 | $157,970 | $20,816 |
| MARGARET HAZLETT | VP & DEAN OF STUD. AFF. (RES 05/23) Former | 60 | $123,234 | $23,494 |
| ANDREW STELLJES | VP & DEAN OF STUDENT AFFAIRS Officer | 60 | $132,476 | $10,422 |
| SHAWN P CURTIN | VP FINANCE & ADMINISTRATION Officer | 60 | $129,772 | $11,295 |
| M LESLIE DAVIDSON | VP FOR ENROLLMENT MANAGEMENT Officer | 60 | $59,037 | $3,948 |
| ERIC W NOLL | CHAIR Trustee or director, Officer | 14 | $0 | $0 |
| SUSAN KLINE KLEHR | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| H ART TAYLOR ESQ | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| PATRICIA E HARRIS | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KENNETH B MEHLMAN | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MARY L SCHAPIRO LHD | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MOHAMMED A ANJARWALA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MICHAEL T ARNOLD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SAMEER ARORA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JONATHAN E BABKOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARGERY A BRITTAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT J BROOKS SR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAUL R BROWN PHD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MODIA J BUTLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAIGE A COSTIGAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEIL B DAVIDOWITZ ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT V DESANTIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATTHEW N DESCHAMPS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DR JOAN M FALLON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE W FASS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN J GREENBURG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN W GREENE JR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AKBAR HOSSAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHAWN M JENKINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FATOUMATA KEITA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT M KRASNE ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LES J LIEBERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOUGLAS J MCCORMACK ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JUDITH C FISHLOW MINTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATTHEW J MURPHY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RICARDO G RIVERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHERINE QUICK ROSA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAYMOND A SANSEVERINO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CHERYL J SCARBORO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHY HAY STINE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EDWARD D VAN DOLSEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLLEEN ROSS WEIS | TRUSTEE Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 51 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA K ALTMANN PHD | PRESIDENT Trustee or director, Officer | 60 | $679,845 | $106,833 |
| CAMERON B WESSON | PROV. & DEAN OF THE FAC. (RES. 6/30) Officer | 60 | $305,422 | $45,969 |
| MARGARET HAZLETT | VP & DEAN OF STUD. AFF. (RES. 5/23) Officer | 60 | $247,407 | $47,025 |
| MATTHEW K EYNON | VP COLLEGE ADVANCEMENT (RES. 6/22) Former | 60 | $250,520 | $26,001 |
| V LATOSHA DEXTER | GENERAL COUNSEL Officer | 60 | $274,958 | $462 |
| CYNTHIA GORMAN | VP FOR COLLEGE ADVANCEMENT Officer | 60 | $240,713 | $32,844 |
| JIMMIE A FOSTER | VP FOR ENROLLMENT MANAG (RES. 6/30) Officer | 60 | $221,454 | $45,527 |
| CARRIE E RAMPP | VP & CHIEF INFORMATION OFFICER Officer | 60 | $207,169 | $36,565 |
| BARBARA S STAMBAUGH | VP FOR COMMUNICATIONS Officer | 60 | $212,814 | $30,431 |
| ALAN CANIGLIA | VP FOR STRATEGIC INITIATIVES Officer | 60 | $196,958 | $34,918 |
| MICHAEL J TODD | VP FINANCE & ADMINIST. (RES. 6/22) Former | 60 | $191,460 | $27,669 |
| MALCOLM GREEN HAYNES | AVP OF FINANCE Highest-paid employee | 40 | $195,958 | $15,194 |
| GRETCHEL L HATHAWAY | VP-DIVERSITY, EQUITY, INCLUSION Officer | 60 | $182,509 | $27,156 |
| ALAN S GLAZER | PROFESSOR OF BUSINESS Highest-paid employee | 40 | $180,222 | $27,333 |
| BETH L THRONE | AVP STUDENT & POST-GRAD. DEVEL. Highest-paid employee | 40 | $184,173 | $18,552 |
| KIRK MILLER | PROFESSOR OF GOVERNMENT Highest-paid employee | 40 | $158,370 | $30,016 |
| DOROTHY J MERRITTS | PROFESSOR OF CHEMISTRY Highest-paid employee | 40 | $158,589 | $23,616 |
| ERIC W NOLL | CHAIR Trustee or director, Officer | 14 | $0 | $0 |
| SUSAN KLINE KLEHR | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| H ART TAYLOR ESQ | TRUSTEE - SENIOR VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| PATRICIA E HARRIS | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KENNETH B MEHLMAN | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MARY L SCHAPIRO LHD | TRUSTEE - VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MOHAMMED A ANJARWALA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SAMEER ARORA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JONATHAN E BABKOW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARGERY A BRITTAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT J BROOKS SR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAUL R BROWN PHD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MODIA J BUTLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAIGE A COSTIGAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEIL B DAVIDOWITZ ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATTHEW N DESCHAMPS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DR JOAN M FALLON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE W FASS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN W GREENE JR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AKBAR HOSSAIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHAWN M JENKINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| FATOUMATA KEITA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT M KRASNE ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID H LEHMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LES J LIEBERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOUGLAS J MCCORMACK ESQ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JUDITH C FISHLOW MINTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATTHEW J MURPHY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RICARDO G RIVERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAYMOND A SANSEVERINO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STUART FARWELL SMITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHY HAY STINE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EDWARD D VAN DOLSEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLLEEN ROSS WEIS | TRUSTEE Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3003, LANCASTER, PA 17604-3003
- In care of
- % TINA BUTLER
- Principal officer (990 for 2024)
- BARBARA ALTMANN, PO BOX 3003, LANCASTER, PA 176043003
- Signed the 990
- SHAWN P CURTIN, VP FINANCE & ADMINISTRATION
- Phone
- (717) 358-3925
- Website
- WWW.FANDM.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE TO INSPIRE IN YOUNG PEOPLE OF HIGH PROMISE AND DIVERSE BACKGROUNDS A GENUINE AND ENDURING LOVE FOR LEARNING, TO TEACH THEM TO READ, WRITE, AND THINK CRITICALLY, TO INSTILL IN THEM THE CAPACITY FOR BOTH INDEPENDENT AND COLLABORATIVE ACTION, AND TO EDUCATE THEM TO EXPLORE AND UNDERSTAND THE NATURAL, SOCIAL, AND CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS TO FOSTER IN ITS STUDENTS QUALITIES OF INTELLECT, CREATIVITY, AND CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES AND CONTRIBUTE MEANINGFULLY TO THEIR OCCUPATIONS, THEIR COMMUNITIES, AND THEIR WORLD.
Program accomplishments
- FINANCIAL AID: THE COLLEGE COMMITS TO MEETING 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED FINANCIAL NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. THE COLLEGE PROVIDES FINANCIAL AID TO 86% OF OUR STUDENTS, ALLOWING THE COLLEGE TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2028 ENROLLED 477 STUDENTS WITH AN AVERAGE SAT SCORE OF 1379.Expenses $63,780,559 · grants $63,780,559
- INSTRUCTION: THROUGH A DISTINCTIVELY EXPERIENTIAL LIBERAL ARTS MODEL, F&M OFFERS 52 FIELDS OF STUDY IN A SUPPORTIVE, DYNAMIC ENVIRONMENT. WITH A 9:1 STUDENT TO FACULTY RATIO, THE COLLEGE'S 1,857 FULL-TIME, UNDERGRADUATE STUDENTS HAVE THE OPPORTUNITY TO COLLABORATE DIRECTLY WITH F&M'S DISTINGUISHED FACULTY, WHO EARN NUMEROUS NATIONAL AND INTERNATIONAL HONORS, INCLUDING PRESTIGIOUS GRANTS, FELLOWSHIPS, AND CAREER AWARDS. F&M ALSO IS AMONG AN ELITE GROUP OF LIBERAL ARTS COLLEGES THAT MAINTAIN EXCEPTIONAL ACADEMIC STANDARDS, INCLUDING CLASSIFICATION AS A CARNEGIE RESEARCH COLLEGE. F&M STUDENTS LEARN TO BECOME LEADERS AND DEVELOP THE SKILLS THEY NEED TO HANDLE REAL-WORLD CHALLENGES WITH CREATIVITY, AGILITY AND EMPATHY.Expenses $36,993,579 · revenue $130,451,308
- STUDENT AND AUXILIARY SERVICES: F&M IS A RESIDENTIAL CAMPUS THAT HOLISTICALLY SUPPORTS STUDENT GROWTH AND SUCCESS. THE STUDENT SUPPORT HUB BRINGS TOGETHER THE MAJORITY OF THE COLLEGE'S STUDENT SUPPORT SERVICES, INCLUDING THE WRITING CENTER, QUANTITATIVE AND SCIENCE CENTER, DIPCARES WELLNESS PROGRAM, FIRST-YEAR ADVISING MENTORS, INTERNATIONAL AND MULTILINGUAL SUPPORT, AND ACCESSIBILITY SERVICES. THE COLLEGE HAS A FULLY INTEGRATED STUDENT WELLNESS CENTER IN PARTNERSHIP WITH PENN MEDICINE LANCASTER GENERAL HEALTH. 33% OF STUDENTS COMPETE IN DIVISION III ATHLETICS ON 28 VARSITY TEAMS. STUDENTS ALSO PARTICIPATE IN MORE THAN 110 ACTIVE STUDENT CLUBS AND ORGANIZATIONS, INCLUDING GREEK LIFE AND DOZENS OF CLUBS AND INTRAMURAL SPORTS TEAMS. ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT ARE ALL CONSIDERED AUXILIARY SERVICES THAT ARE PROVIDED TO STUDENTS THROUGHOUT THEIR COLLEGE CAREERS.Expenses $46,622,947 · grants $158,607 · revenue $22,381,402
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1352635
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1934
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $886,546,793
- Income (IRS master file)
- $387,193,761
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $199,432,384 | $194,655,254 | $886,546,793 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $201,387,214 | $193,452,587 | $855,834,708 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $186,951,178 | $189,940,277 | $822,891,438 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $196,116,735 | $189,880,020 | $830,931,551 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1352635).
Questions about FRANKLIN & MARSHALL COLLEGE
- What is the EIN of FRANKLIN & MARSHALL COLLEGE?
- The employer identification number (EIN) of FRANKLIN & MARSHALL COLLEGE is 23-1352635.
- Is FRANKLIN & MARSHALL COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1934.
- Are donations to FRANKLIN & MARSHALL COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN & MARSHALL COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN & MARSHALL COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN & MARSHALL COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANKLIN & MARSHALL COLLEGE?
- The 990 for the year ended June 30, 2025 names BARBARA ALTMANN.
- Who are the officers and directors of FRANKLIN & MARSHALL COLLEGE?
- The 990 for the year ended June 30, 2025 lists 54 people; 16 received compensation from the organization, the highest $723,111 (BARBARA K ALTMANN PHD, PRESIDENT).
- How much revenue does FRANKLIN & MARSHALL COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $199,432,384, expenses of $194,655,254 and total assets of $886,546,793 at year end.
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